Terms

Beneficiary

The Beneficiary of a trust is the equivalent to the Member of an LLC.  The Beneficiary receives the proceeds/benefits of the Trust. You will be the initial Beneficiary.  If you would like a spouse or partner to receive proceeds, please list them as an additional Beneficiary

 

Trustee

The Trustee of a trust is the equivalent to the Manager of an LLC.  The Trustee will manage the Trust. You will be the initial Trustee.  If you would like a co-Trustee, such as a spouse or partner, please list them as an additional Trustee.